Entries by Mara Liska

Don’t Skip These Business Year-Enders

“In The Loop” Magazine Nov – Dec, 2016 Issue Don’t Skip These Business Year-Enders  It’s a fact, there’s only a few weeks left of the year, and they will likely be hectic for you and your business. Before you dive into the holiday season and relax, it’s important to get your business in good shape […]

CYBER MONDAY DEAL expires 12/31/2016

LKM Accounting Specializes in providing services to small businesses and individuals with their accounting and income tax needs. We provide our clients with the necessary expertise and services most small businesses or start-ups can’t always afford from larger firms or internal personnel. We want you to achieve your business and personal goals. Our philosophy is […]

New Penalties for Failure to File 1099’s

The IRS has strengthened its penalty phase of the reporting requirements.  These penalties are effective beginning January 1st for the 2015 tax year filing period.  The penalties are as follows: 1-30 days late:  $30.00 each penalty per return not filed with a maximum of $500,000.00 per year ($175,000.00 for small business maximum) 30 days – […]